Colin Wilhelm

Tompkins Financial in Ithaca, N.Y., will soon have a new leader for its Bank of Castile.

Biz2Credit, an online lending marketplace geared toward small businesses, has received a $250 million investment capital agreement from Direct Lending Investments, a fund that purchases small business loans through online and peer-to-peer lending platforms.

Experian will now offer FICO credit scores through its direct-to-consumer products, the Costa Mesa, Calif.-based credit bureau announced today.

Experian will now offer FICO credit scores through its direct-to-consumer products.

A federal bankruptcy court has approved the sale of PNA Bank in Chicago.

Two electronic document management software companies — Axacore, Inc. based in San Diego and Scrypt, Inc., based in Austin, Texas — will merge effective December 31 under the Scrypt name.

The prepaid card and payments company Blackhawk Network is the new third-party gift card distributor for Hyatt Hotels and Resorts.

A Defense Department proposal to strengthen financial protections for military personnel is still too weak, according to attorneys general from 20 states.

Moneris Solutions, Inc. and Syrasoft Self Storage Software will partner on two new integrated payment processing options for the self-storage industry.

Orient Bancorp. in San Francisco has a new president and chief executive.

Ocwen Financial has agreed to pay $150 million to New York regulators to settle allegations that it fudged foreclosure documents and said Monday that its founder and, executive chairman, William Erbey is stepping down after 30 years with the Atlanta company.

First Guaranty Bancshares in Hammond, La., has postponed its initial public offering, citing "unfavorable market conditions."

The Financial Crimes Enforcement Network, a division of the Treasury Department, has assessed a $1 million civil penalty against MoneyGram International's former chief compliance officer.

The Financial Crimes Enforcement Network, a division of the Treasury Department, has assessed a $1 million civil penalty against MoneyGram International's former chief compliance officer.

Engine, an industry group for startup businesses, sent an open letter to the Securities and Exchange Commission earlier this week requesting action on the crowdfunding provision within 2012's JOBS Act passed by Congress.

The $1.3 billion-asset company said in a press release that Thomas Cherry will succeed Larry Dillon, who will remain chairman and chief executive. The company added that Cherry is expected to eventually succeed Dillon as CEO.

Once known as peer-to-peer, online marketplace lending grew phenomenally and evolved rapidly in 2014, as capital flooded in from institutional investors and traditional bankers sat up and took notice.

Before its IPO this week, online lending platform OnDeck was operating "with the discipline of a public business," holding simulated earnings calls among other exercises, says Noah Breslow.

The Consumer Financial Protection Bureau is suing a Dallas company that the agency says misled customers into signing up for a "sham" credit card.

Global Payments Inc., based in Atlanta, Ga., has partnered with Bank of the Philippine Islands (BPI) on a joint payment service and merchant acquisition venture.